The IRS is reminding retirees born before July 1, 1948, that they must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who reached age 70½ during 2018 are covered by a… Continue Reading
Archives for 2018
Mileage Rates Experience Significant Increase
A big change was announced by the IRS on Friday for the optional standard mileage rates for business use of a vehicle. This rate will increase significantly in 2019, after increasing only slightly last year. For business use of a car, van, pickup truck, or panel truck, the rate for 2019 will be 58 cents… Continue Reading
MNsure’s Deadline for 2019 Health Coverage
Don’t Delay to Get 2019 Health Coverage! For health coverage that starts January 1, you need to enroll by Saturday, December 15. Open enrollment goes through January 13, but why wait to get covered for 2019? We encourage you not to wait until the last minute! Premiums are going down anywhere from 7% to 27%… Continue Reading
Tax Reform Bill Workshop – Willmar, MN
Tax Reform Bill Workshop Join us as we partner with the Willmar Lakes Area Chamber of Commerce and 4 other local CPA firms for a second “Tax Planning” workshop that will be hosted on November 20th from 7:30 – 9am at the Willmar Conference Center. Our panel will be presenting on the new tax reform… Continue Reading
Medicare Supplement – What YOU Need to Know
A Medicare Supplement Plan is something everyone age 65 and older will need unless you are still working and are still on a group coverage plan that is offered through your employer. In some cases, a Medicare plan may be a better option even if you have access to group coverage. This year, Medicare Supplements… Continue Reading
Microsoft Dynamics GP Fiscal Year End Close
As Fiscal Year Ends are approaching, Christianson’s System Solutions Team often gets questions related to closing the year in Microsoft Dynamics GP. Do we have to wait to close the year until we get final audit adjusting entries entered? No – Depending on your Financial Series setups, you can still go back to the last… Continue Reading
